European Economic News Preview: UK GDP Data Due

RTTNews | 148 days ago
Stocktwits
European Economic News Preview: UK GDP Data Due

(RTTNews) - Monthly GDP and foreign trade figures from the UK and final inflation from Germany are the top economic news due on Wednesday.

At 2.00 am ET, the Office for National Statistics releases UK monthly GDP, industrial production and foreign trade data. Economists forecast gross domestic product to remain flat on month in April after rising 0.4 percent in March. The visible trade deficit is seen at GBP 14.2 billion in April compared to a shortfall of GBP 13.9 billion in March.

In the meantime, Destatis releases Germany's final inflation figures for May. Consumer price inflation is expected to rise to 2.4 percent, as initially estimated, from 2.2 percent in April.

Also, GDP data from Norway is due.

At 6.00 am ET, the National Institute of Economic and Social Research publishes UK monthly GDP tracker.

Stocktwits
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.